Question 1

Which of the following statements best describes the role of operations in a value chain?

Accepted Answer

A) transforming inputs into the final products 
B) collecting, storing, and distributing products to buyers 
C) inducing buyers to purchase products and providing a means for them to do so 
D) receiving, storing, and disseminating inputs to products 
A) transforming inputs into the final products 
B) collecting, storing, and distributing products to buyers 
C) inducing buyers to purchase products and providing a means for them to do so 
D) receiving, storing, and disseminating inputs to products A

Question 2

Which of the following principles of competitive advantage is associated with product implementations?

Accepted Answer

A) locking in customers 
B) differentiating service offerings 
C) locking in suppliers 
D) establishing alliances 
A) locking in customers 
B) differentiating service offerings 
C) locking in suppliers 
D) establishing alliances B

Question 3

________ is a means through which an organization can gain a competitive advantage through process implementations.

Accepted Answer

A) Establishing alliances 
B) Creating new products 
C) Enhancing products 
D) Differentiating services 
A) Establishing alliances 
B) Creating new products 
C) Enhancing products 
D) Differentiating services A

Question 4

RAC Associates is a car rental company that rents cars to tourists in the United States. The company uses tracking devices and magnetic locks to prevent car theft. These procedures are examples of ________.

Accepted Answer

A) primary business processes 
B) core activities 
C) strategic activities 
D) supporting business processes 
A) primary business processes 
B) core activities 
C) strategic activities 
D) supporting business processes

Question 5

Explain the concept of business process design.

Accepted Answer

The central idea of business process des

Question 6

Which of the following value chain activities involves collecting, storing, and physically distributing the product to buyers?

Accepted Answer

A) inbound logistics 
B) operations 
C) customer service 
D) outbound logistics 
A) inbound logistics 
B) operations 
C) customer service 
D) outbound logistics

Question 7

Hueblue Software, an application provider to the gaming industry, decided to enhance its portfolio by developing motion-control-enabled games for the mobile gaming industry. In this scenario, which competitive strategy is Hueblue Software implementing?

Accepted Answer

A) establishment of alliances 
B) product differentiation 
C) raising barriers to market entry 
D) locking in buyers 
A) establishment of alliances 
B) product differentiation 
C) raising barriers to market entry 
D) locking in buyers

Question 8

The total margin of the value chain is the difference between the total value added and the total costs incurred.

Accepted Answer

A) True 
 B)False

Question 9

Briefly describe the concepts of value, margin, and value chain as defined by Porter.

Accepted Answer

Porter defined value as the amount of mo

Question 10

Each activity in a business process is a business function that receives inputs and produces outputs.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is a primary activity in the value chain?

Accepted Answer

A) receiving and handling of raw materials and other inputs 
B) negotiating prices with vendors 
C) finding suitable vendors to supply raw materials 
D) setting up contractual arrangements with various suppliers 
A) receiving and handling of raw materials and other inputs 
B) negotiating prices with vendors 
C) finding suitable vendors to supply raw materials 
D) setting up contractual arrangements with various suppliers

Question 12

In a manufacturing business, which of the following transforms finished goods into cash?

Accepted Answer

A) warehouse operations 
B) manufacturing process 
C) sales process 
D) outbound logistics 
A) warehouse operations 
B) manufacturing process 
C) sales process 
D) outbound logistics

Question 13

Creating a new product to increase margin is an example of using product implementations to achieve competitive advantage.

Accepted Answer

A) True 
 B)False

Question 14

Focused cost leadership is observed when a product has the lowest cost ________.

Accepted Answer

A) within an industry segment 
B) across the product mix offered by a company 
C) across the entire industry 
D) among a group of competitors 
A) within an industry segment 
B) across the product mix offered by a company 
C) across the entire industry 
D) among a group of competitors

Question 15

Information systems create competitive advantage by providing support to a product rather than by becoming a part of the product.

Accepted Answer

A) True 
 B)False

Question 16

According to Porter's five forces model, which of the following firms would be least affected by the threat of substitutes?

Accepted Answer

A) a used car dealership in New York 
B) a convenience store that sells retail products 
C) a firm that sells the only drug for a disease 
D) a corner latte shop in Atlanta 
A) a used car dealership in New York 
B) a convenience store that sells retail products 
C) a firm that sells the only drug for a disease 
D) a corner latte shop in Atlanta

Question 17

A new drug that has shown promise in curing skin cancer has been discovered by a famous chemical laboratory. This is the only known drug effective for treatment of this disease. The laboratory obtains a patent for the product and decides to sell it. This situation is characterized by ________.

Accepted Answer

A) low threat of substitutions 
B) high bargaining power of customers 
C) high threat of new entrants 
D) low bargaining power of suppliers 
A) low threat of substitutions 
B) high bargaining power of customers 
C) high threat of new entrants 
D) low bargaining power of suppliers

Question 18

According to Porter's five forces model, a group of grain farmers in a surplus year will have reduced ________.

Accepted Answer

A) bargaining power 
B) threat of substitutes 
C) risk of rivalry 
D) threat of new entrants 
A) bargaining power 
B) threat of substitutes 
C) risk of rivalry 
D) threat of new entrants

Question 19

Which of the following principles of competitive advantage is related to process implementations?

Accepted Answer

A) create new products 
B) lock in buyers 
C) enhance services 
D) differentiate services 
A) create new products 
B) lock in buyers 
C) enhance services 
D) differentiate services

Question 20

According to Porter's five forces model, in which of the following situations would the supplier have the highest bargaining power?

Accepted Answer

A) a dealer of a patented material for smartphone manufacturers 
B) a fashion designer catering to a niche market 
C) a restaurant owner who serves only army veterans 
D) a retailer who buys finished goods from many small suppliers 
A) a dealer of a patented material for smartphone manufacturers 
B) a fashion designer catering to a niche market 
C) a restaurant owner who serves only army veterans 
D) a retailer who buys finished goods from many small suppliers

Which of the following statements best describes the role of operations in a value chain?

Which of the following principles of competitive advantage is associated with product implementations?

________ is a means through which an organization can gain a competitive advantage through process implementations.

RAC Associates is a car rental company that rents cars to tourists in the United States. The company uses tracking devices and magnetic locks to prevent car theft. These procedures are examples of ________.

Explain the concept of business process design.

Which of the following value chain activities involves collecting, storing, and physically distributing the product to buyers?

Hueblue Software, an application provider to the gaming industry, decided to enhance its portfolio by developing motion-control-enabled games for the mobile gaming industry. In this scenario, which competitive strategy is Hueblue Software implementing?

The total margin of the value chain is the difference between the total value added and the total costs incurred.

Briefly describe the concepts of value, margin, and value chain as defined by Porter.

Each activity in a business process is a business function that receives inputs and produces outputs.

Which of the following is a primary activity in the value chain?

In a manufacturing business, which of the following transforms finished goods into cash?

Creating a new product to increase margin is an example of using product implementations to achieve competitive advantage.

Focused cost leadership is observed when a product has the lowest cost ________.

Information systems create competitive advantage by providing support to a product rather than by becoming a part of the product.

According to Porter's five forces model, which of the following firms would be least affected by the threat of substitutes?

A new drug that has shown promise in curing skin cancer has been discovered by a famous chemical laboratory. This is the only known drug effective for treatment of this disease. The laboratory obtains a patent for the product and decides to sell it. This situation is characterized by ________.

According to Porter's five forces model, a group of grain farmers in a surplus year will have reduced ________.

Which of the following principles of competitive advantage is related to process implementations?

According to Porter's five forces model, in which of the following situations would the supplier have the highest bargaining power?

The Importance of Mis

Collaboration Information Systems

Hardware, Software, and Mobile Systems

Database Processing

The Cloud

Processes, Organizations, and Information Systems

Social Media Information Systems

Business Intelligence Systems

Information Systems Security

Information Systems Management

Information Systems Development

Filters

Exam 3: Strategy and Information Systems

Which of the following statements best describes the role of operations in a value chain?

Which of the following principles of competitive advantage is associated with product implementations?

________ is a means through which an organization can gain a competitive advantage through process implementations.

RAC Associates is a car rental company that rents cars to tourists in the United States. The company uses tracking devices and magnetic locks to prevent car theft. These procedures are examples of ________.

Explain the concept of business process design.

Which of the following value chain activities involves collecting, storing, and physically distributing the product to buyers?

Hueblue Software, an application provider to the gaming industry, decided to enhance its portfolio by developing motion-control-enabled games for the mobile gaming industry. In this scenario, which competitive strategy is Hueblue Software implementing?

The total margin of the value chain is the difference between the total value added and the total costs incurred.

Briefly describe the concepts of value, margin, and value chain as defined by Porter.

Each activity in a business process is a business function that receives inputs and produces outputs.

Which of the following is a primary activity in the value chain?

In a manufacturing business, which of the following transforms finished goods into cash?

Creating a new product to increase margin is an example of using product implementations to achieve competitive advantage.

Focused cost leadership is observed when a product has the lowest cost ________.

Information systems create competitive advantage by providing support to a product rather than by becoming a part of the product.

According to Porter's five forces model, which of the following firms would be least affected by the threat of substitutes?

A new drug that has shown promise in curing skin cancer has been discovered by a famous chemical laboratory. This is the only known drug effective for treatment of this disease. The laboratory obtains a patent for the product and decides to sell it. This situation is characterized by ________.

According to Porter's five forces model, a group of grain farmers in a surplus year will have reduced ________.

Which of the following principles of competitive advantage is related to process implementations?

According to Porter's five forces model, in which of the following situations would the supplier have the highest bargaining power?

The Importance of Mis

Collaboration Information Systems

Hardware, Software, and Mobile Systems

Database Processing

The Cloud

Processes, Organizations, and Information Systems

Social Media Information Systems

Business Intelligence Systems

Information Systems Security

Information Systems Management

Information Systems Development

Filters